The Telgi scam is a financial scandal that came to light in 2003. It involves the use of forged stamp papers to cheat the government of India of huge revenues. The scam was masterminded by a notorious con man named Abdul Karim Telgi, who used to sell forged stamp papers to gullible buyers.

While taking creative liberties, the show remains grounded in real events, emphasizing how Telgy’s actions forced India to modernize its currency production.

The third episode, titled "Khota Sikka" (Counterfeit Coin), marks the pivotal turning point in the season. After two episodes of establishing Abdul Karim Telgi’s rise from a fruit seller to a budding counterfeiter, this installment shifts the genre from a rags-to-riches drama to a high-stakes political thriller. It is the episode where the "business" becomes an "empire," and the consequences of greed begin to spiral out of control.